The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-12-18

request was agreed 10; the question wen'
TO the people, who, by q decisive vote,
negatived il. Therefore IL is now out o.
politics, Notwithstanding the efforts OF Q
lew to revive it, and we will have no trou
BILE with it,. The prohibitionists made
pledges which they must keep.
president Clevoland's administration il
heartily indorsed in Tennessee. lie will
be the next nominee OF the Democratic
party, and will receive a largely increased
vote in Tennessee. As TO the tariff, Ten
nessee iavors tariff reform. but insists that
there must be protection enough to cover
The difference between tho price Of Ameri'
can skilled labor and that OF Europe"
sELT.IMPoRTANCE nseoGNizED.
As the Governor lapscd from the dis
cussion oil public questions into those Of
minor moment a rare Incident, illustrating
his versatility, was narrated by one Of the
gentlemen present. A portly, digniiied
looking individual stepped into the GOV
ernor's office, and, coming TO q military
halt, said slowly:
Coy; Taylor, my name is Erastus
pogue."
"Glad TO see yon, Mr.. Poguc. Take O
chair, and the Governor kept on with his
conversation. This did not ploaso Mr..
Pogue, whose opinion OF himself VIA such
that he expected the Governors imincdi.
ats and undivided attention. Without
moving q step, but putting, II possible,
more dignity into his s%epulchral voice, lac
said:
Gov. Taylor, | am Capt. Erastus Pogue,
the son-in-law Of Mai. Podunk."
"Ah,' answered the Governor, with a
graceful wave Of the hand, Gam delighted
To see you, Capt. Poguc. Take two chairs
take two"
THE STATE FINANCES.
Gov. Taylor had Just returned from
Memphis, whittier lac had gone with the
state Treasurer 10 borrow money for the
present necessities OF the State. This loan
was made necessary by the peculiar tax
laws OF the State, under which money does
not begin to flow In until February and
March, though the States liabilities ma
turc on thelsto OF January. A talk with State
Treasurer Atha Thomas developed tho
information that under the act Of 1888 10
fund the State debt, the funding board
has already retired S2j, 0O0,OO0 Of the old
bonds, and issued therefor in compromise
bonds $4,000, 600. OF these latter bonds
Sll,5OO,OU arc J per cents, and the re-
mainder are b aud 0 per cents. There are
yet TO be- funded s., 1000 Of the old
bonds, Of which 500, 900, belonging TO the
State debt proper, bears o and 0 per cent.
interest, while the ~, 000, 600 left will be
funded on the same terms m the bulk Of
them have been, for 81, 0OO, 900 in compro-
mise bonds az 3 per cent. The State
treasury has been depleted by the loss Of
nearly SiOO,OOO occasioncd by cx-1rcas-
urer lIolk, and the heavy expense ior the
new Fast Tennessee asylum for the in-
sane, and u similar building in West Ten
nesscc, the cost Of the two being $3.50, 900.
The State has promptly met the interest
on the state debt, paid extra appropria-
tons amounting 90 $3.50, 900, retired $500
600 floating debt known ~ Hank Of Ten
nessce certificates, aud now only owes
$4,000 ~ floating debt, which will un-
d~oubtcdly be paid by March /.
Less than 5000 100 Bank OF Ten
nesscc certificates remain 10 bc
taken mp. After ihesc certificates shall
have been taken mp. the present rate of
taxation, , mills for general purposes, and
the privilege tnxcr, will raise revenue
amply sufficient 10 payal current expenses
and the interest on the public debt. The
loan account OF Sgi5,OOO which WAS needed
10 meet claims due January !, will be ox.
tinguishcd by March.
I'VE are satisfied" said Treasurer
Thomas, "that we will he able 10 do ,his.
altogether, | think that there l. a good
outlook Tor tho Staae and its4nnres. The
tax aRprgnic Tor the year 1857 shox a. an
increased property assessment 81 $1,000.
OOO, which Is the first year In several that
has shown an increase, and Il h probable
that for next year there will he a much
larger increased assessment.
WHY n M
The statement of Treasurer Thomas that
the INCREASE for this wear wa only $1,000.
900, and that this wa the lirst year in sew
cml which showed an increase nj all,
sounded strange. Prom Chattanooga
alone had gunc forth rusy reports of the
organization Of stock companies which dis.
dain,d la look ~ Ices than 4 l.U0O,OOO
These rnporlH have been circulated Over
tl.e union Tor 'sur years past, and allow.
ing for the enthusiasm OF boomers, sill II
looks rs " there should have been bottom
enough left upon which 10 basc ~ increase
each year, la the taxable values a the
State, for much more than oven SlI,OOO,.
co... To the task ~ unm,cling this prob.
lem ! will have 10 alincx ms next, ia the
meantime expressing faith that there is q
solution which will explain all.
-
r%ozirtvTLY the host remedy ever discuy,
cred for all discpcs oi nnn aud beast that
can be reached ~ m external medical ap.
plicaiion. Il Rangtim Root linimcnt on,
trial will conyinor. Manufactured only by
nangum Root Medicine Co. Nashville. Tenn,
Fifty cent, pr bottle. For sale by Hester,
~ Main siret
Go To II. II. BALDWIN 4 Co. Main street
and take your choice. They handle Decker
lira'. llaincs and Fischer pianos.
Holiday nsots and shoes.
A large and we'll selected stock of gcnis
and BOYS boots and shoes can be- found nj
the well known retail hOuar 81 !. NJ. 1911
4 Co, corner II Main aud Union streets
Thcsr ruols are very attractive, are Of th,
best make and are guaranteed & give sat
isiaciion. The line 0i Shoes f0r ladies
mis~e and children contains ell the latu-
STYLES known TO the trade aud which M,
offered Tor sale az remarkably low pfius
The attention Of the public j. called .,
these goods, aud all ac Invited to call an,
give ihcm q clo.c inspection.
SEwAup's opera glasses, pearl, from =
Mp; black, ~ 30 up. Gold s~lc,tHplCs, =
uu. nj guYlmanfH -, Main